[ad_1] Financial Stability Ratings (FSR) are what allow insurance companies to operate in Florida. But according to the Insurance Information Institute (Triple-I) many insurance agents can only market and write policies for companies with “A” ratings. Companies issued with an “NR” (No Rating) are at high risk of entering receivership with the state. Mortgage providers […]
[ad_1] A federal judge has dismissed a putative class action case brought by a plaintiff asserting ERISA violations against The Prudential Company of America (“Prudential”) and Tufts University (“Tufts”), stemming from premium rate increases to an ERISA group long-term care insurance plan sponsored by plaintiff’s employer, Tufts, and issued by Prudential. On July 12, 2022, […]
[ad_1] A Michigan man has been accused of stealing a state representative’s identity to commit insurance fraud, according to Michigan Attorney General Dana Nessel. Christopher Still, 24, has been charged with three counts of insurance fraud, a felony punishable by up to four years in jail and up to $50,000 in fines; three […]
[ad_1] [co-author: Sophie Munroe] On July 15, 2022, the Centers for Medicare & Medicaid Services (CMS) published a proposed rule to update the payment policies, payment rates, and other provisions for services furnished under the Medicare Outpatient Prospective Payment System (OPPS) and the Ambulatory Surgery Center (ASC) Payment System in calendar year (CY) 2023 (the […]
[ad_1] This post is part of a series sponsored by AgentSync. Medicare faces numerous challenges in the years to come, with regulatory trends, federal funding, and increasing lifespans all playing a role in the future of the program and its private spinoffs. Yet, as digital adoption rolls in fits and starts with Medicare recipients, early […]
[ad_1] Read more: Marsh McLennan announces Q2 2022 results “I don’t think there’s a more resilient organisation that you could actually invest in,” was the CEO’s bullish message. “I do think it’s important to note that in in all past recessions since 1952, we grew adjusted EPS and we know how to run a business […]
[ad_1] With 106 million adults living with an uninsured or underinsured need gap, there is a chance you need more life insurance. Join Life Happens for a Twitter Chat during Life Insurance Awareness Month this September. You’ll learn about all things life insurance from insurance professionals and companies. You are encouraged to ask questions, reply […]
[ad_1] The past several decades have muddied what once was a clear relationship between policyholders and their insurers. For pre-1987 occurrence-based policies in particular, policyholders face an increasingly familiar scenario: one day, they learn they are no longer dealing with the insurer that sold them insurance. A stranger has crept into the relationship. The stranger […]
[ad_1] K&K Insurance has announced that Ron Norton is its new president and CEO, effective July 1, 2022. Norton is stepping into the top role as Todd Bixler retires. Norton has a 36-year history with K&K, starting as an associate underwriter at the firm’s E&A division in 1986. Through his career with the […]
[ad_1] Disclosing known or suspected fraud to regulators can have its benefits. As reported in a previous post, the Department of Justice (DOJ) issued policy guidance in 2019 on providing credit in False Claims Act (FCA) settlements to corporations for “disclosure, cooperation, and remediation” (the Policy Guidance). Since then, the industry has been watching to […]